Background

Mr. Stephen I. Sadove, also known as Steve, is the Co-Founder and Head of TRAUB Accelerator. Mr. Sadove has been an Adviser of CVC Capital Partners Limited since April 17, 2012. He served as the Chief Executive Officer of Saks Fifth Avenue, Inc. He served as an Executive Chairman of Saks Incorporated from May 4, 2007 to November 5, 2013 and served as its Chief Executive Officer from January 2006 to November 5, 2013 and Chief Operating Officer of Saks Incorporated from ... March 3, 2004 to January 2006. He joined Saks Fifth Avenue Inc. in January 2002. He spent 17 years at Kraft General Foods, rising to the position of Executive Vice President of General Foods USA. He has a distinguished marketing and consumer products career spanning over 25 years. He served as Senior Vice President of Bristol-Myers Squibb Company and President of Worldwide Beauty Care from September 2000 to January 2001, as Senior Vice President of Bristol-Myers Squibb Company and President of Worldwide Beauty Care and Nutritionals from 1998 to September 2000, as President of Worldwide Beauty Care from 1996 to 1997 and as the President of Clairol Inc. from 1991 to 1996, where he was responsible for Worldwide Clairol's performance in Canada, Europe, the Middle East, Africa and Latin America. During his tenure at Bristol-Myers Squibb, among other accomplishments, he led Clairol to become the leading hair care business in the United States. From 1975 to 1991, he held various management positions with General Foods USA/General Foods Corporation. He served as an Executive Vice President and General Manager of Desserts Division at General Foods from 1989 to 1991. He has been the Chairman of Advisory Board and Member of Advisory Board at Borderfree, Inc. since April 09, 2014. He serves as a Director at J. C. Penney Corporation, Inc. He has been a Director of J. C. Penney Company, Inc. since October 2013. He has been a Director Ruby Tuesday Inc., since 2002 and its Lead Director since October 27, 2013. He has been a Director of Aramark (a/k/a ARAMARK Holdings Corporation) since November 2013. He serves as a Director of Hamilton College. He has been an Independent Director of Colgate-Palmolive Co., since June 7, 2007. He holds board positions with a number of other organizations, including: Hazelden New York, National Retail Federation and A Better Chance. He has been a Director at Marvin Traub Associates, Inc. since June 10, 2014. He serves as a Director of Main Street Connect, LLC. He serves as a Director of Unique Solutions Design Ltd. He has been a Trustee at Equity Office Management, LLC since March 2, 2005. He has been on the Advisory Board of Sterling Capital Partners Ltd., since April 17, 2012. He has been a Member of U.S. Advisory Board at CVC Capital Partners Limited since April 17, 2012. He serves as a Director of National Retail Federation Inc. He served as the Chairman of The Harvard Business School Club of Greater New York, Inc. He served as its First Vice Chairman and Second Vice Chairman at National Retail Federation Inc. He served as Vice Chairman of Saks Incorporated from January 2002 to March 2004. He served as a Director of Saks Incorporated since 1998. He served as a Director of Saks Holdings, Inc. since August 1996. He served as Trustee/Director of Equity Office Properties Trust, the General Partner of EOP Operating Limited Partnership since March 2, 2005. He served as a Director of The Harvard Business School Club of Greater New York, Inc. Mr. Sadove holds Bachelor's degree from Hamilton College and holds an MBA with distinction from Harvard Business School.

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